2024-01-16 04:06:00
The Federation of Industries of the State of Minas Gerais (Fiemg) carried out a study and projected that taxation of international purchases of up to US$50 should generate enough revenue to fund the payroll tax relief.
According to the agency’s data, the government is underestimating the fundraising capacity of the Conforming Remittance program by projecting only R$2.86 billion in 2024. For Fiemg technicians, the number might reach up to R$19.1 billion.
In the best scenario projected by the Minas Gerais federation, the consumer would not stop importing products below US$50, since the rate will be lower than the 60% charged on purchases that exceed this value.
In Fiemg’s worst projection, the government might see a 45% drop in low-value purchases, but this would still result in revenue of R$10.5 billion.
The federation also believes that national production can grow in the “pessimistic scenario” and this results in a compensation of R$4.1 billion in taxes, totaling R$14.6 billion in revenue.
Commenting on the matter, the president of Fiemg, Flávio Roscoe, says that the government needs to review its numbers.
Our studies show that the revenue would be higher than estimated by the Federal Revenue. The country will have gained both in the taxation of imports and in national production, which will increase.
In Fiemg’s projections, the tax for purchases below US$50 would be 28% on a volume of R$13.1 billion, but there are members of the government who believe that this rate needs to be 20%.
Finally, Roscoe believes that taxation should “activate domestic consumption”.
If consumption on these sites drops by 50%, which I don’t believe will happen, revenue will go up, but not by much. There will be an activation of domestic consumption, which will raise more revenue. There are two movements. Today, neither packaging nor logistics, nothing stays in Brazil. Everything comes from outside. It is a harmful practice.
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